Based on the provided data and recent market activity, let me provide a comprehensive analysis of whether to buy or sell PEG stock.
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI-14 at 44.34 indicates neutral momentum
- Stochastic RSI (14,14,3,3) at 77.13 suggests slightly overbought conditions
- MACD line at -0.62 with a positive histogram of 0.05 shows potential trend reversal
Recent Price Action & News
- Latest closing price: $83.70 (Feb 14, 2025)
- The stock recently announced a 5% dividend increase to $0.63 quarterly ($2.52 annually)
- Forward dividend yield: 3.03%
Analyst Sentiment
- Consensus rating is "Moderate Buy" with mixed opinions:
- 9 Strong Buy
- 1 Moderate Buy
- 10 Hold ratings
- Mean price target: $91.35 (9% upside potential)
- Street-high target: $102 (21.8% upside)
Valuation Metrics
The stock appears fairly valued compared to peers:
- P/E: 29.77x
- EV/EBITDA: 19.35x
- P/B: 2.22x
- Dividend Yield: 3.53%
Recommendation: HOLD
While PEG offers stable utility operations and consistent dividend growth, the current technical indicators and valuation metrics suggest a neutral stance. The recent dividend increase demonstrates management's confidence, but the stock appears fairly valued at current levels. Investors seeking income might consider accumulating on dips below $82.44 (Fibonacci S1 support) while using $84.62 (Fibonacci R1) as a near-term resistance level.